Search Results - subject:"elasticity of substitution"

Calibration of normalised CES production functions in dynamic models

Klump, Rainer (contributor); Saam, Marianne (contributor) - 2006

in an economically plausible way. When variations in the elasticity of substitution are considered, normalisation is … necessary in order to exclude arbitrary effects. As an illustration, the effect of the elasticity of substitution on the speed …

Persistent link: https://www.econbiz.de/10003394117

Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

Bajona, Claustre - 2006

elasticity of substitution between traded goods. Divergence can occur for parameter values that would imply convergence in a …

Persistent link: https://www.econbiz.de/10012466095

Hicks Neutral Technical Change Revisited : Ces Production Function and Information of General Order

Dupuy, Arnaud - 2006

In this paper, I show that Hicks neutral technical change is identified as the information of order sigma; obtained if the distribution of factor prices is replaced by the distribution of factor efficiency parameters. Together with Solow's residual, the information method enables us to...

Persistent link: https://www.econbiz.de/10012733735

Skill dispersion and firm productivity : an analysis with employer-employee matched data

Iranzo, Susana - 2006

Persistent link: https://www.econbiz.de/10013439488

A new class of production functions and an argument against purely labor-augmenting technical change

Growiec, Jakub (contributor) - 2006

. Furthermore, the elasticity of substitution between capital and labor may exceed unity and thus yield endogenous growth. Keywords … the possibility of endogenous growth that arises if the global production function exhibits elasticity of substitution …, we discuss the solvable special cases and describe the determinants of the elasticity of substitution. In section 4, we …

Persistent link: https://www.econbiz.de/10003375397

Appropriate technology and balanced growth

León-Ledesma, Miguel A.; Satchi, Mathan - 2016

the long-run elasticity of substitution between capital and labor. We show that the shape of the frontier determines … factor shares and the elasticity of substitution between capital and labor. If there are adjustment costs to technology …

Persistent link: https://www.econbiz.de/10011801399

Will Substitutes : A U.S. Perspective

Gallanis, Thomas P. - 2016

This chapter aims to introduce the phenomenon of will substitutes in the United States to a transnational readership. The chapter consists of six principal parts. After this brief introduction, Part I lays a foundation by defining the terms of art ‘will substitute' and ‘nonprobate transfer',...

Persistent link: https://www.econbiz.de/10012996110

We Could Not Care Less About Armington Elasticities – But Should We? A Meta-Sensitivity Analysis of the Influence of Armington Elasticity Misspecification on Simulation Results

Schürenberg-Frosch, Hannah - 2016

This paper investigates the robustness of CGE models with respect to the elasticities of substitution in demand between domestically produced goods and foreign goods – the so-called Armington elasticities. The Armington-type modeling of trade is still one of the most extensively used...

Persistent link: https://www.econbiz.de/10013000560

Including System Integration of Variable Renewable Energies in a Constant Elasticity of Substitution Framework : The Case of the WITCH Model

Carrara, Samuel - 2016

system integration constraints in a model, WITCH, characterized by a Constant Elasticity of Substitution (CES) framework …

Persistent link: https://www.econbiz.de/10013001025

Econometric Estimation of Capital-Labor Substitution Elasticities for Ukrainian CGE Model

Chepeliev, Maksym - 2016

) methodology, particularly, based on the constant elasticity of substitution in production functions and cost minimization … unitary elasticity of substitution …

Persistent link: https://www.econbiz.de/10013003823